Young Farmer Loan Program

April 17, 2012
Written by
As the baby boomers are reaching a point where they may no longer want to be farming, it is more important than ever to keep Canada’s agricultural industry thriving, with the introduction of new young farmers. In an effort to do so, Farm Credit Canada has started a new loan program for young farmers.

 

Farmers under the age of 40 will be eligible to borrow up to $500,000 to purchase or improve land and buildings at interest rates as low as prime plus half of one percent. In addition to the low interest rate, FCC is waiving the loan-processing fees. This program is similar to one started in Ontario in the 1950’s, the Junior Farmer Establishment Loan Program, which was terminated in the 1990’s.

 

For more information on the Young Farmer Loan Program, see here

Lisa Brodeur is Quality Assurance Supervisor with 360 Energy in Burlington, Ont.

 

Add comment


Security code
Refresh

Subscription Centre

New Subscription
Already a Subscriber
Customer Service
View Digital Magazine Renew

Most Popular

Latest Events

CIB 2018
Wed Sep 26, 2018 @ 8:00am - 05:00pm
CanWest 2018
Wed Sep 26, 2018 @ 8:00am - 05:00pm
Canadian Greenhouse Conference '18
Wed Oct 03, 2018 @ 8:00am - 05:00pm
Northeast Greenhouse Conference and Expo
Wed Nov 07, 2018 @ 8:00am -

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.